Enphase Energy (ENPH) : 11 days before expiry, shorts in Enphase Energy (ENPH) have reduced from 3,634,479 on Jul 29, 2016, to 2,990,025 on August 15, 2016. On an average, 267,271 shares are traded on the exchange. The outstanding bearish positions are equal to 9.1% of the float. Short sellers have covered -644,454 shares, a reduction of -17.7%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Enphase Energy (NASDAQ:ENPH): The stock opened at $1.92 on Wednesday but the bulls could not build on the opening and the stock topped out at $1.96 for the day. The stock traded down to $1.85 during the day, due to lack of any buying support eventually closed down at $1.87 with a loss of -2.60% for the day. The stock had closed at $1.92 on the previous day. The total traded volume was 179,109 shares.
In a related news, The Securities and Exchange Commission has divulged that Garcia Humberto, officer (VP and CFO) of Enphase Energy, Inc., had unloaded 1,618 shares at an average price of $1.78 in a transaction dated on August 16, 2016. The total value of the transaction was worth $2,880.
Enphase Energy, Inc. (Enphase) is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic (PV) industry. The Companys semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level. The Companys microinverter system consists of three components, such as Enphase microinverter, which delivers power conversion at the individual solar module level; Envoy communications gateway, which is installed in the system owners home or business and serves as a networking hub that collects data from the microinverter array, and Enlighten Web-based software, which collects and analyzes the collected data from the microinverter array. The Company offers microinverter systems to the residential and commercial markets in the United States, Canada, the United Kingdom, France, the Benelux region, certain other European markets, Australia and New Zealand.